OSLO (Reuters) – Exxon Mobil is considering selling all of the stakes it holds in oil and gas fields off the Norwegian coast, a company spokesman told business daily Dagens Naeringsliv.

Two years ago the U.S. major – the world’s largest oil company – sold its operated assets in the area. But it has retained stakes in more than 20 other fields, including Equinor-operated Snorre and Shell-operated Ormen Lange.

The Norwegian paper quoted an unnamed industry expert as saying the assets could be worth $3-4 billion.

In 2017, Exxon Mobil’s net production from fields off Norway was around 170,000 barrels of oil equivalent per day.

Exxon Mobil’s spokesman in Norway was not immediately available for comment.

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